“Sincerity” deepens its losses to 9.4 million riyals in the first quarter of 2025

The losses of the Saudi Industrial Development Company “Senior” in the first quarter of 2025 exacerbated 680% to 9.4 million riyals, compared to 1.2 million riyals in the same quarter of last year.
According to the company’s statement on Saudi Arabia’s circulation, the cause of losses is due to a decrease in operational profit due to the decrease in the total profit due to low sales.
The cause of the losses on a quarterly basis is due to a decrease in operational profit due to a decrease in total profit due to low sales.